Lululemon Athletica Inc. reported second-quarter earnings dipped 1.8 percent to $56.5 million, or 39 cents a share, largely due to a higher tax rate. Earnings exceeded a forecast given in June but the yoga-inspired chain still lowered its guidance for the
Category: Footwear
New Era’s Chris Koch Named 2013 Buffalo Niagara Executive of the Year
Christopher H. Koch, CEO of New Era Cap Co., has been named the 2013 Buffalo Niagara Executive of the Year by the University at Buffalo School of Management…
Exceed Company Hires Counsel to Evaluate CEO’s Buyout Offer
Exceed Company Ltd, one of mainland China’s more prominent domestic sporting goods brands, has hired financial counsel to study a management buyout proposal submitted by its chairman and CEO in mid-August…
Roxy to Use Plusfoam in Spring 14 Women’s Sandal
Quiksilver’s Roxy brand will release a new zero-waste, 100 percent recyclable flip flop worldwide in Spring 2014 made from Plus Compound Technologies' 100 percent recyclable PLUSfoam material. PLUS Compound Technologies operates reclaim facilit
Macy’s Double Downs on Athletic/Outdoor Apparel
In a bid to strengthen its appeal to the millennial customer, Macy’s is expanding its Nike, The North Face and Under Armour offerings while adding Helly Hansen in select locations…
Nike to Join Dow Jones Industrials
S&P Dow Jones Indices is planning to add Nike to the Dow Jones industrial average, the most widely known barometer of the U.S. stock market. Nike joins Goldman Sachs and Visa as new companies on the the 30-stock index…
Footwear Groups Partner to Boost Voice in Washington D.C.
The National Shoe Retailers Association (NSRA) and the Footwear Distributors and Retailers of America (FDRA) announced the establishment of a strategic partnership designed to enhance the voice of independent footwear retailers in Washington. As part of
U.K. Retail Comps Up Slightly in August
UK retail sales values were up 1.8 percent on a like-for-like basis in August 2013 from August 2012, when they had decreased 0.4 percent on the preceding year. On a total basis, sales were up 3.6 percent, against a 1.6 percent increase in August 2012, acc
Alliance for Bangladesh Worker Safety Names President
The Alliance for Bangladesh Worker Safety named human rights expert and attorney Jeffrey Krilla as its president. The coalition represents 20 North American apparel companies, retailers and brands, including L.L. Bean and V.F. Corp…
Point6 Sponsors the Denver Post Pedal the Plains Bicycle Tour
Point6, makers of premium merino wool socks, will sponsor the 2nd Annual Pedal the Plains Bicycle Tour…
Report: KKR, Sycamore Considering Joint Bid for Jones Group
Private-equity firms KKR & Co LP and Sycamore Partners are considering a joint bid for Jones Group, the parent of Nine West, the Wall Street Journal reported. In July, Jones Group hired Citigroup Inc to explore a potential sale of parts or all of the comp
OIA VantagePoint: Footwear Disappoints Again in August
Sales of outdoor products increased 2.9 percent in fiscal August to $868.2 million, according to the latest monthly sales report from OIA VantagePoint™. As in fiscal July, Outdoor Hardgoods and Apparel posted solid sales growth, while Footwear struggled.
Canadian Tire Looks to Raise C$263M through REIT
Canadian Tire expects to raise Canadian $263.5 million ($255.6 mm) through listing of a real estate investment trust that will hold its retail properties. CT Real Estate Investment Trust plans to offer 26.4 million shares at C$10 each…
DKS: New Field and Stream Store a Hit
The opening of its first Field & Stream store, in Cranberry Township, PA, has so far been an unqualified success for Dick’s Sporting Goods. The grand opening on August 16 drew over 3,000 people standing outside, resulting in the most successful open
Nike to Join Dow 30
Nike is being added to the Dow Jones industrial average, the most widely known barometer of the U.S. stock market. Nike joins Goldman Sachs and Visa as new companies on the 30-stock index…
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